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41419 Southpaw Place
Leesburg, VA 20175
$3,875,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5131
Property Description
PondoRosa, a spectacular Sportsman's paradise in Leesburg! Sited on over 50 acres on a conservancy lot in the community of Red Cedar, this beautiful home with almost 6000 sq ft sits on a perfect knoll for views of the mountains, sunrises and sunsets, all of which are absolutely stunning!! This property is perfect for any level equestrian, farmer, or simply the most discerning buyer wanting the acreage AND proximity to Dulles Airport (20 minutes), Leesburg Airport(less than 10), the Greenway (10 min) and a 10 minute drive to Downtown Leesburg! The home itself is move in ready with a giant gourmet kitchen, formal living and dining rooms, family room, den, and office as well as one full and one half bath on the main level. The upper level boasts the primary suite with huge walk in closet and bath, three other large bedrooms and two full baths. The lower level is perfect for the outdoorsman with a kitchen and bar, billiard room, full bedroom and bath, den with fireplace and tons of storage. From the home, a short walk will lead you past a lovely stocked pond and around to to the classic center aisle barn. The barn has six stalls including a wash stall, dry stall and tack room, full hay loft, and water. Walkout to adjoining paddocks, three additional run ins, two with water, one with water at the fence. The Dressage riding ring measures 80 x 128, is blue stone and fenced. Following the drive around past the barn is the workshop which consists of two oversized bay doors for equipment, an office which could be converted to grooms quarters, pad for RV's, and hook ups. This incredible property also fronts Goose Creek. Hunting, fishing, kayaking, trail rides, etc. There is something for everyone at PondoRosa.
Property Information
Lot Size
50 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
VALO2068076
Location
Address
41419 SOUTHPAW PLACE
City
LEESBURG
State
VA
Zip Code
20175
County
LOUDOUN
Listing
Provider
Carter Braxton Preferred Properties, original listing
Name
Carter Braxton Preferred Properties
Phone
(703) 777-7772
Office Name
Carter Braxton Preferred Properties
Office Phone
(703) 777-7772
Agent Name
Beckwith Bolle

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.